Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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Quick update on TSLA
As we can see price is still overall bearish from daily time frame making clean lower lows and lower highs!
However, price is approaching a strong support zone and round number 200 where we will be looking for new longs as a correction movement,
adding on, price is sitting around our lower bound of this channel that can be acting as an over-sold zone, which will be adding more strength.
Meanwhile, for the bulls to start we need some confirmation, then we need a break above the marked major swing high, then a movement higher would be expected.
Until that price is still overall bearish and price can still trade lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.